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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Retail space
8716 Thunderbird Rd Peoria, AZ 85381-4814
Entity Owned
15-yr Hold
Free & Clear
Property ID
US07-3334399
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
CONCRETE
Total area
1,610 SF
Lot
0.46 ac (19,997 SF)
Zoning code
I-1
APN
200-63-568
UPID
US07-3334399
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
#1 Stop Harleys Motorcycle Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.95M
Owner & transaction history
Larry LP · 15 yrs held
Larry LP
since 2011
7 recorded transactions
Zoning & alternative use
I-1 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,211 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,779
Tax year 2023
Assessed value
$121,391
Assessed 2024
Previous assessed
$96,458
+25.8% YoY
Effective rate
6.41%
On assessed value
Land market value
$244,500
Improvement market value
$491,200
Total market value
$735,700
Applied tax rate
111,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
1,610 SF
Lot
0.46 ac (19,997 SF)
Zoning code
I-1
APN
200-63-568
UPID
US07-3334399
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Peoria, AZ
Zoning I-1 · permitted uses
I-1 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Peoria. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
Larry LP
Entity
Free & Clear · 15 yrs held
Mailing address
428 E THUNDERBIRD RD #445, PHOENIX, AZ 85022-5229
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2011
$125,000
Larry LP
7823 N 27th Avenue INC
Warranty Deed
—
Nov 17, 2004
—
Fait Warren A Trust
L & M
Quit Claim Deed
related
—
Nov 17, 2004
$220,000
7823 N 27th Ave INC
Fait Warren A Trust
Warranty Deed
—
Mar 23, 1995
—
Jeffrey J Brommer
Fait Estate
Quit Claim Deed
related
—
Dec 29, 1987
—
F Investment
—
Deed Of Trust
related
—
—
—
6502 N 27th Avenue INC
—
Deed Of Trust
related
—
—
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Estate Fait
—
Deed Of Trust
related
—
—
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L
—
Deed Of Trust
related
—
—
—
Estate Fait
—
Deed Of Trust
related
—
—
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6502 N 27th Avenue INC
—
Deed Of Trust
related
—
—
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Lawrence D Fait
—
Deed Of Trust
related
—
—
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Lawrence D Fait
—
Deed Of Trust
related
—
—
—
L
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Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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